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News Link • Economy - Economics USA

“Labor Day” should be renamed “Corporation Day” or “War Day”


Labor’s Demise As A Countervailing Power

Dr. Paul Craig Roberts
Sunday, September 4, 2011

It is Labor Day weekend, 2011, but labor has nothing to celebrate. The jobs that once gave American workers a stake in capitalism have left and gone away. Corporations in pursuit of near-term profits have moved labor’s jobs to China, India, Indonesia, Taiwan, South Korea and Eastern Europe.


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